Raiden Resources Signs Binding Option to Earn Up to 80% in 507 km² Zambia Copper Domes Project

Sonal Goyal

11 November 2026 12:32 PM AEDT

Raiden Resources Signs Binding Option to Earn Up to 80% in 507 km² Zambia Copper Domes Project

Image Source: Krish Capital Pty Ltd

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Raiden Resources Limited (ASX:RDN) has entered into a Binding Option and Earn-In Agreement with Lobito Resources Limited for the Zambia Copper Domes Project, a single 507 km² exploration licence in North-Western Province, Zambia, located within the Central African Copperbelt's Zambia Copper Domes Region.

Key Points

Raiden has entered into a Binding Option and Earn-In Agreement with Lobito Resources Limited for the Zambia Copper Domes Project.
The agreement provides Raiden the option to earn up to an 80% interest in the project through a staged earn-in structure.
The 507 km² exploration licence hosts approximately 22 km of interpreted Lower Roan (Mine Series) sub-crop, with no drilling recorded in available historical data.
The licence borders First Quantum Minerals' Trident licences and lies approximately 31 km from FQM's Sentinel copper mine, which produced approximately 189,000 tonnes of copper in 2025.
The Central African Copperbelt produced approximately 4.1 Mt of copper in 2025, equivalent to approximately 18% of global mined copper production.

Zambia Copper Domes Project Licence and Geological Setting

The Zambia Copper Domes Project comprises a single 507 km² exploration licence in North-Western Province, Zambia. According to the filing, the licence hosts approximately 22 km of interpreted Lower Roan (Mine Series) sub-crop. The Lower Roan is described as the copper host in the Central African Copperbelt, hosting about 80% of the copper produced in the region. No drilling is recorded on the licence in the available historical data. The licence borders First Quantum Minerals' Trident licences and lies approximately 31 km from FQM's Sentinel copper mine and approximately 40 km from Barrick's Lumwana copper mine.

Regional Copper Production Context

The Zambia Copper Domes Region hosts three large copper mines: First Quantum's Sentinel mine, First Quantum's Kansanshi mine, and Barrick's Lumwana mine. Together, these three operations produced approximately 521,000 tonnes of copper in 2025, representing approximately 2.3% of global copper production and approximately 58.5% of Zambia's total copper production. All three mines lie between 31 km and 85 km from the licence boundary. The Sentinel mine produced 189,000 tonnes, Kansanshi produced 181,000 tonnes, and Lumwana produced approximately 151,000 tonnes in 2025.

Earn-In Agreement Terms and Company Strategy

Under the Binding Option and Earn-In Agreement with Lobito Resources Limited, Raiden has the option to earn up to an 80% interest in the project through defined exploration and development milestones, with vendors retaining exposure to the project. The filing states Managing Director Dusko Ljubojevic said the company intends, subject to completion of due diligence, to carry out a systematic exploration programme focused on delineating high-impact drill targets. The filing also states management is evaluating further divestments of non-core portfolio projects and is progressing permitting on the Crixas gold tailings project in Brazil.

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